BHEL, Lupin, ICICI Prudential Life, Siemens and HAL showed RSI crossing above 50 after 5%+ gains. The scan flags momentum shifts, traders said.
Bharat Heavy Electricals Ltd., Lupin Ltd., and ICICI Prudential Life Insurance Co. were among five Nifty500 stocks flagged in StockEdge's RSI Trending Up scan on July 13 as their RSI crossed above 50. The move follows individual gains of more than 5% in each name.
An RSI value rising above 50 from lower levels typically signals that short-term momentum has shifted from bearish to neutral or bullish, traders said. The scan captures stocks where the indicator's reading is both above the midpoint and climbing.
BHEL rose 6.2% on the session, tracking reports of renewed capital expenditure in the power transmission segment. Lupin added 5.8%, extending a rally that began after the company received U.S. FDA approval for a generic blood pressure drug earlier this month. ICICI Prudential Life gained 5.3% on stronger premium inflow data for the June quarter.
Siemens Ltd. and Hindustan Aeronautics Ltd. rounded out the list, each rising more than 5% amid broad buying in industrials and defense-linked stocks.
The RSI Trending Up screen is one of several momentum filters; it does not account for volume, trendline structure, or support-resistance levels. Traders typically pair it with other confirmation signals before entering positions.
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